XZEM.DE vs. IQSA.L
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - XZEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Low Carbon SRI Leaders, while IQSA.L is a Global Equities fund actively managed by Invesco. XZEM.DE is passively managed, while IQSA.L is actively managed. Over the past 5 years, XZEM.DE returned 3.14%/yr vs 15.46%/yr for IQSA.L. A 0.53 correlation means they provide meaningful diversification when combined. XZEM.DE charges 0.25%/yr vs 0.30%/yr for IQSA.L.
Performance
XZEM.DE vs. IQSA.L - Performance Comparison
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Different Trading Currencies
XZEM.DE is traded in EUR, while IQSA.L is traded in USD. To make them comparable, the IQSA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XZEM.DE achieves a 11.70% return, which is significantly lower than IQSA.L's 15.37% return.
XZEM.DE
- 1D
- -1.27%
- 1M
- 1.22%
- YTD
- 11.70%
- 6M
- 11.70%
- 1Y
- 27.23%
- 3Y*
- 14.21%
- 5Y*
- 3.14%
- 10Y*
- —
IQSA.L
- 1D
- -0.14%
- 1M
- 6.04%
- YTD
- 15.37%
- 6M
- 16.87%
- 1Y
- 28.69%
- 3Y*
- 22.09%
- 5Y*
- 15.46%
- 10Y*
- —
XZEM.DE vs. IQSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 11.70% | 16.53% | 16.91% | 0.19% | -14.31% | -4.19% | 6.11% | 9.91% |
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 15.37% | 8.12% | 30.93% | 20.65% | -8.68% | 34.30% | 1.12% | 7.09% |
Correlation
The correlation between XZEM.DE and IQSA.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2019 | 0.53 |
The correlation between XZEM.DE and IQSA.L shifts across timeframes, from 0.52 (5 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XZEM.DE vs. IQSA.L — Risk / Return Rank
XZEM.DE
IQSA.L
XZEM.DE vs. IQSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XZEM.DE | IQSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.74 | -2.17 |
| Martin ratioReturn relative to average drawdown | 8.36 | 17.32 | -8.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XZEM.DE | IQSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.16 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.98 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.91 | -0.63 |
Drawdowns
XZEM.DE vs. IQSA.L - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.16%, which is greater than IQSA.L's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for XZEM.DE and IQSA.L.
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Drawdown Indicators
| XZEM.DE | IQSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -33.75% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -6.03% | -4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -20.52% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -20.52% | -12.21% |
Current DrawdownCurrent decline from peak | -3.21% | -0.39% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -4.34% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 1.65% | +1.60% |
Volatility
XZEM.DE vs. IQSA.L - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) has a higher volatility of 5.92% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) at 3.69%. This indicates that XZEM.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEM.DE | IQSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 3.69% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 9.83% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 13.21% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 15.85% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 17.66% | +3.06% |
XZEM.DE vs. IQSA.L - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is lower than IQSA.L's 0.30% expense ratio.
Dividends
XZEM.DE vs. IQSA.L - Dividend Comparison
Neither XZEM.DE nor IQSA.L has paid dividends to shareholders.
Frequently Asked Questions
XZEM.DE and IQSA.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEM.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IQSA.L.
XZEM.DE is categorized as Emerging Markets Equities, while IQSA.L is Global Equities. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XZEM.DE and 0.30% for IQSA.L.
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